AP/AR Junior Analyst

Job Title

AP/AR Junior Analyst

Job Description Summary

Primary purpose of the job:
Process all invoices and settle all payments in due course relating to the head leases’ validated operational costs, process all (sub)lease invoices and collect all cash from the (sub)tenants in due course relating to any (sub)leases of the properties occupied by Cushman & Wakefield's GOS clients in order to enable them to prevent any additional funding or penalty costs.

Job Description

Other professional qualifications required for filling the position:

• BSC/MSC degree is not required
• No relevant work experience is required

Foreign language skills required for filling the position:

• English language intermediate
• Knowledge of any other European language is an advantage

Required skills for filling the position:

• Strong IT literacy
• Basic MS Office
• Good written and verbal communication skills
• Good problem-solving skills
• Analytical mindset
• Able to work independently and in a team
• Strong work ethic
• Flexibility during times of change
• Ability to effectively prioritize and execute tasks in a high-pressure environment
• Proactive, enthusiastic and willing to learn

Responsibilities of the jobholder:

• Enable the PSC and its Portfolio Administration Lease Finance Team to meet defined performance targets in relation to invoice processing, payment management, cash collection/allocation and all aspects of Payable and Receivable Accounting or any other Lease Finance activity as required

Regular tasks:

Daily and other BAU tasks to deliver:

• Minimise invoice volumes awaiting approval or being queried and minimise approval/query resolution times in the P2P system
• Day to day identification of quality issues and risks and escalation of such issues
• Establish and maintain professional and effective working relationships with internal clients, colleagues and management
• Obtaining payment approvals (Panel A, Panel B)
• Managing inter account bank transfers and manual payments
• Release BACS/Credit Transfers
• Invoice postings to Property Management & Accounting systems
• Updating and maintaining Accounts Receivable & Payable ledgers
• Cash allocation – matching payments received to outstanding receivables
• Supporting cash collection – written and mostly verbal contact with tenants 
• Supporting bank reconciliations
• Supporting query management
• To provide advice / support to other team members to enable and ensure their contribution to outputs and adherence to procedures
• Ensuring client requirements and Cushman & Wakefield quality procedures are followed
• Collaboration with other departments (Data, CA, CM, Estate Management)
• Supporting the maintenance of BAU process documents
• Supporting the team's back up structure
• Internal and external audit support

What we offer:

• Competitive compensation and benefit package
• Great learning and development opportunities 
• Modern, award-winning office with a view of the Danube
• Central location, excellent public transport 
• Youthful and supportive work environment
• Additional holidays to compensate for Hungarian public holidays falling on a weekend
• A steadily growing, 100+ year-old international company

INCO: “Cushman & Wakefield”